Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Quantitative Disclosures Related to Operating Leases

The following tables provide quantitative disclosures related to our operating leases and includes all operating leases acquired in the Stabil and Trombetta acquisitions from the date of acquisition (in thousands):

Balance Sheet Information	March 31, 2022			December 31, 2021
Assets
Operating lease right-of-use assets	$	42,116		$	40,469
Liabilities
Sundry payables and accrued expenses	$	11,140		$	10,544
Noncurrent operating lease liabilities		32,281			31,206
Total operating lease liabilities	$	43,421		$	41,750
Balance Sheet Information		March 31, 2022			December 31, 2021
Weighted Average Remaining Lease Term
Operating leases	5.1 Years			5.3 Years
Weighted Average Discount Rate
Operating leases		3.1	%		3	%

Expense and Cash Flow Information	Three Months Ended March 31,
	2022		2021
Lease Expense
Operating lease expense (a)	$	2,830	$	2,336
Supplemental Cash Flow Information
Cash paid for the amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,760	$	2,302
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	3,866	$	3,603

(a) Excludes expenses of approximately $0.4 million and $0.7 million for the three months ended March 31, 2022 and 2021, respectively, related to non-lease components such as maintenance, property taxes, etc., and operating lease expense for leases with an initial term of 12 months or less, which is not material.

Minimum Lease Payments

At March 31, 2022, we are obligated to make minimum lease payments through 2031, under operating leases, which are as follows (in thousands):

2022	$	8,403
2023		10,076
2024		7,789
2025		6,529
2026		5,810
Thereafter		6,988
Total lease payments	$	45,595
Less: Interest		(2,174	)
Present value of lease liabilities	$	43,421